Ipswich has seen house prices rise 305% in 20 years
- Credit: Picture: Steve Waller
Where is Ipswich in the Premier League of property prices?
Tottenham Hotspur have been crowned champions of a house price Premier League table.
But Ipswich Town are up there in the Top Twenty as well.
To mark the start of the 26th Premier League season, Halifax looked at the house prices of properties near the grounds of the 49 football clubs that have played in the Premier League since 1992.
Halifax analysed how property values in these areas have changed over the last 20 years.
Since 1997, the average home value in the postal district surrounding Tottenham’s stadium has soared by 655%, from £59,638 in 1997 to £450,104 in 2017.
West Ham United were runners up with house price growth of 611% while Charlton Athletic, with growth of 583%, had the highest house price growth for a club no longer in the top flight.
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The average house price for all 49 past and present Premier League football clubs has risen by 326%.
Last year’s Premier League champions Chelsea jointly take the title for the most expensive area to live, alongside Fulham, with an average house price of £1.1 million in the surrounding area.
North London rivals Arsenal, at £763,401, and Tottenham, at £450,104, are in second and third place respectively.
Despite their long stay in the Championship, Ipswich Town remain in the top league for house price growth.
Since 1997 average house prices have grown from £49,077 to £198,748 - and increase of 305%.
Halifax housing economist Martin Ellis said: “As we welcome the 26th Premier League season, it appears that success on the field has rubbed off on property prices in the areas surrounding the grounds of many of the nation’s top-flight clubs.
“In the last 20 years, average house prices immediately outside some of the country’s top clubs have seen rises that far outstrip the country as a whole, with some areas also benefiting from the associated infrastructure improvements that come with clubs moving to new stadiums.”
Here are the past and present Premier League clubs with the highest percentage change in house prices over the past 20 years, according to Halifax, with the average house price in 2017 followed by the increase:
1. Tottenham Hotspur, £450,104, 655%
2. West Ham United, £330,459, 611%
3. Charlton Athletic, £464,208, 583%
4. Queens Park Rangers, £704,042, 548%
=5. Chelsea, £1,108,649, 524%
=5. Fulham, £1,108,649, 524%